Spacenet Enterprises forms JV with Modern Fuel Technologies for LNG projects

Hyderabad-based Spacenet Enterprises India Ltd and Russia’s Modern Fuel Technologies will form a joint venture aimed at executing Liquefied Natural Gas (LNG) projects across India with a focus on retail. In this JV, Spacenet will be holding a 15-25 per cent stake which adds value to the company, the company said in a statement. The

AGEL raises $400 mn for its solar power projects

Adani Green Energy (AGEL), India’s largest renewable energy firm, has raised $400 million in financing from a consortium of international lenders for its under-construction 750 megawatt (Mw) solar power projects in Rajasthan and Gujarat, the company said. The Rajasthan project, with a capacity of 500 Mw, has a long-term power purchase agreement (PPA) with Solar

Green ship projects get $113.5 mn support

A total of fifteen green ship projects will receive NOK 1.2 billion (about $113.5 million) in support from Enova, a Norwegian government enterprise, in the latest round of the country’s investments in decarbonizing maritime transport. This is “the largest-ever allocation” Enova has made to greenify domestic maritime transport. The support was announced during an event

ARIPL to power up 700 MWp solar project

Amara Raja Infra (ARIPL) has been awarded a 700 MWp solar balance of system (BoS) project by Greenko. Greenko will situate the project across a 2,200-acre site near Uyyalavada in Andhra Pradesh’s Kurnool district. ARIPL will handle the engineering, procurement, and construction (EPC) of the entire BoS for the solar component. This project marks ARIPL’s

A UAE company secures African land for carbon offset projects

In late September, Zimbabwe’s environment minister signed away control over a staggering amount of land — almost 20% of his country — to a little-known foreign company. Blue Carbon was a small, new outfit, not even a year old, but its chief was no fledgling entrepreneur: he was an Emirati royal whose family had ruled

THDCIL inks pacts to develop 3,270 MW RE projects

THDCIL has a portfolio of 10 projects (hydro, thermal, wind & solar) with a total capacity of 4,516 MW. THDC India Ltd (THDCIL) is planning to set up 3,270 megawatts (MWs) of clean energy projects, including pumped storage and floating solar, in Karnataka, its chairman and managing director R K Vishnoi has said. In this

Biogas, biodiesel projects get UP govt nod

The Uttar Pradesh government has cleared a dozen private sector bioenergy projects worth Rs 550 crore, adding to the state’s green energy basket. The projects pertain to the production of over 90 tonnes of compressed biogas (CBG) and 44 kilolitres (kl) of biodiesel per day across the state. The bioenergy projects were approved by a

REC to finance green H2 projects with $6bn

Financier of energy projects in India REC has signed preliminary agreements worth 500bn Indian rupees ($6bn) to develop green hydrogen and ammonia projects, REC’s chairman and managing director Vivek Kumar Dewangan said. REC made its first major publicly-announced contribution to a green hydrogen and ammonia project in July, with a Rs40bn loan to Indian renewables

Projects aimed at cutting carbon emissions classified likely junk

Nine renewable energy projects in India aimed at reducing greenhouse gas emissions have been classified as “likely junk” in an analysis by Corporate Accountability, a non-profit organisation, and The Guardian. The report, published in The Guardian, looks at the data provided by AlliedOffsets, a repository of carbon offset projects — which claim to reduce, or

TotalEnergies in talks to invest in Adani Green projects

TotalEnergies SE is in talks to invest in renewable energy projects developed by Adani Green Energy Ltd. Total is looking to buy stakes in some of Adani Green’s projects as part of its drive to expand its portfolio of clean energy projects, said the people, who asked not to be identified as the discussions are